Tether, a leader in the digital asset industry, has announced a strategic investment in Fizen Limited, a fintech company specializing in self-custody crypto wallets and digital payments. The investment aims to enhance the use of stablecoins for payments and increase financial accessibility for unbanked populations worldwide.
Focus on Stablecoin Integration for Digital Payments
Fizen’s technology facilitates seamless transactions using stablecoins, such as Tether’s USDT, to simplify digital payments for consumers and businesses. Despite the advantages of stablecoins, such as lower fees and faster transactions, adoption in everyday commerce has been slow.
Through this partnership, Fizen plans to make it easier for users to pay with stablecoins while offering merchants instant fiat settlements using familiar payment methods like QR codes and card readers.
Fizen’s solution addresses a critical gap in the crypto ecosystem: consumer-friendly applications that make digital asset payments intuitive and accessible. The company aims to bridge the divide between self-custody wallets and practical use cases in retail and online transactions.
Tether Invests in Fizen to Enhance Financial Inclusion
The World Bank’s Global Findex Report highlights that millions of individuals remain unbanked, with barriers such as distance to financial institutions and lack of documentation preventing access to traditional banking. Tether’s investment in Fizen is designed to help address these challenges by supporting the development of tools that allow for easier, more inclusive financial participation.
With QR code payments expected to exceed $3 trillion by 2025, the growth of digital transactions is anticipated to be significant. Tether’s involvement with Fizen is intended to accelerate this trend, bringing stablecoins into the mainstream as a practical alternative to traditional financial services.
Tether and Fizen Seek to Expand Crypto Payments
Paolo Ardoino, CEO of Tether, emphasized that the partnership with Fizen aligns with the company’s commitment to advancing financial inclusion and enabling responsible digital asset use. He noted that self-custodial payment solutions are key to expanding the real-world applications of crypto.
Fizen founder Leo Vu highlighted that while blockchain infrastructure is already in place, there is a need for more user-friendly applications to drive widespread adoption. With this investment, Fizen aims to provide an easy-to-use platform for crypto payments that can seamlessly integrate into daily life.
